A trading firm is understood to have bid $402/t fob Bontang in Pupuk Indonesia subsidiary Kaltim's granular urea sales tender today.
Other bids were heard around and above $400/t fob, but most were in the $390s/t fob and below. But there was no comment from the parties involved.
Kaltim offered 45,000t of bulk granular urea for shipment in the first week of May. Bids were to be valid until 24 April.
This enquiry follows BFI's sales tender in Brunei on 17 April for three lots of 6,000t of granular urea, which saw a trading firm bid up to around $405/t fob for second-half-May loading.
